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Good call. Some of the buildings are a bit dated but I have seen good deals there and have had friends live there. You can't beat the location, and there are probably pretty good deals to be had when you are looking in the summer off-season.
There are also some older condo buildings around Coral Ridge and Galt Ocean Mile that rent for quite reasonable prices, and there you are near or on the water and the location and environment is great compared to a boring sterile apt complex with no character. A friend of mine rents a big two bedroom ocean front condo in a Galt Mile building with 2 bedrooms and 1500 s.f., for $1400 or thereabouts. She found this deal in the off-season. She has noticed more and more younger people moving into that area.

Listening to NPR this morning it seems apartment rents have risen 20 percent in Broward over the past couple of years, so the great deals may be becoming fewer.

Rents are going up all over South Florida, blame it on the housing bust, people not willing or cannot afford a home and lack of enough units to fill the demand. They also say the job market is improving, I'm on the fence about that being the issue, fact is people want to live down here and demand is still high.

Its the law of supply and demand. South FL has a very limited amount of housing compared to other areas of FL for the population. The housing market is recovering quicker here than elsewhere since there are so many people needing housing, whether that means renting or buying.